Industry NewsMortgage

3 prison-bound in $4M mortgage fraud

Bogus title company, straw buyers used
Published on Mar 23, 2010

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by CareyBot

A woman who established a bogus title company and a loan processor are among four defendants in an alleged $4 million mortgage fraud ring in Southern California's Inland Empire who have been convicted of felonies, with three receiving prison terms ranging from one to seven years.

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